Hasta La Gadget!

Is Bitcoin the way of the future? That’s hard to say. While the virtual currency is without a doubt extremely popular (over $900 at this time of writing), the fact that governments have yet to accept it as a legitimate form of currency has many wondering about the future of Bitcoin and whether it will eventually fade into obscurity. However this has not stopped other companies from embracing the virtual currency, as we have found out yesterday when game developer, Zynga, announced that they would begin testing Bitcoin as a method of payment, and now it looks like they will not be alone as Xidax has announced their support of Bitcoin as well.

For those unfamiliar, Xidax is a company that specializes in building custom gaming rigs, and one of the main differences between Xidax and the competition is that they provide a lifetime guarantee on parts and labor, unlike other companies who might only provide anywhere between 1-3 years. According to Zack Shutt, the executive operations officer of Xidax PCs, “The question reached me, I thought it was a brilliant idea, and we all got very excited about being the first in the industry to embrace this cool new way to pay.” Shutt claims that the reason behind the company’s acceptance of the Bitcoin currency is because of several customers asking them about it.

Will this work out in Xidax’s favor? Well there’s no telling how much the value of Bitcoin will skyrocket in the future, or how much it will drop. Assuming Bitcoin is on the rise, Xidax will definitely be raking in a fortune, or if it drops, well that’s just Xidax’s loss and is pretty much the nature of the Bitcoin currency. What do you guys make of retailers starting to accept Bitcoin as a method of payment? Investment for the future or a bad idea?

Xidax Is The First Computer Systems Builder To Accept Bitcoin Payment original content from Ubergizmo.

Cryptocurrency is the name given to the variety of virtual currencies out there today. The most popular is certainly Bitcoin. One of the newest is Dogecoin, which started as a joke and then got real. Another new cryptocurrency has been tipped called Coinye West. As you might guess it is a Kanye West themed virtual currency.

The catchphrase for Coinye West is “WE AIN’T MININ’, WE PICKIN’.” I don’t really know what that means. The max number of Coinye coins that can be mined is 66,666,666,666 – something that supposedly is a nod to Kanye’s ties to the Illuminati. This is starting to sound like a Dan Brown book.

Vice says that they wanted to talk to the creators of Coinye West, but they wouldn’t talk on the phone. The reason was simple, and quitelogical. The creators said, “[we] want to stay sorta anonymous in case Kanye gets pissed off.”

[via Vice]

Users of the crypto-currency called Bitcoin have some competition out in the wild this week in the artist-inspired CoinYe West. This currency, while lovely to look at, will likely never … Continue reading

Bitcoin miner Milly Bitcoin has done a little citizen letter-writing, and the results should make virtual currency miners breathe a sigh of relief. Milly Bitcoin’s mining company Atlantic City Bitcoin … Continue reading

We can thank Bitcoin and the popularity of the virtual currency for other forms of virtual money popping up. One of those copycat virtual currencies that has cropped up is … Continue reading